Understanding the World Trade Organization
Discipline: Economics
Type of Paper: Article review
Academic Level: Undergrad. (yrs 3-4)
Paper Format: APA
Pages: 3
Words: 275
Question
Read Understanding the World Trade Organization（in the file), then answer 5 questions.
Write a short essay for each question. Each short essay is about 275 words.
1. Describe how the GATT and WTO have helped to free international trade. Also, what has been the mechanism to accomplish that objective?
2. Explain how a multilateral trading system can help to create a stable and predictable environment and why this is important.
3. Explain the factors in favor of an open trading system based on multilaterally agreed rules.
4. What are the successes and challenges that the General Agreement of Tariffs and Trade(GATT)
5. What are the temptations or possible reasons to impose protective barriers with the idea of preventing the challenge of competitive imports?
